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Nov 24, 2012
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payments, averaging about $11 million and pay taxes on them. most winners take the lump sum. it's not the full amount, but it's not chump change either. and it's still a fine return on a $2 ticket. the largest power ball jackpot was shared in 2006 by eight workers at a nebraska meat-packing plant. their winning ticket bought together, won a $365 million prize. >> you never dream something like this would happen. >> reporter: history has shown that some big money power ball winners have not fared well. big money, big problems. but few standing in line worry about that. many dream of fancy cars, yachts, big homes, vacations and the freedom of never having to work again. others are willing to share. >> oh, i don't know. i'd give a lot to charity. >> reporter: all are sure they will be the ones who will be just fine with all those millions. for "today," mark potter, nbc news, miami. >> and of course, we can't stop chatting about what would you buy first, what would your first phone call be. >> you know what my sister used to do? she was convinced s
payments, averaging about $11 million and pay taxes on them. most winners take the lump sum. it's not the full amount, but it's not chump change either. and it's still a fine return on a $2 ticket. the largest power ball jackpot was shared in 2006 by eight workers at a nebraska meat-packing plant. their winning ticket bought together, won a $365 million prize. >> you never dream something like this would happen. >> reporter: history has shown that some big money power ball winners...
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Nov 26, 2012
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the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john mccain a few weeks ago and john mccain yesterday and ask you about it on the other side. >> we will do whatever is necessary to block the nomination that's within our power as far as susan rice is concerned. >> i think she deserved the ability and the opportunity to explain herself and her position, just as she said. >> chuck, very quickly, is this a very significant change? >> reporter: it is and it tells you something that a lot of people
the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to...
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Nov 27, 2012
11/12
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-class tax cuts and raise taxes for wealthy americans. alison burns is live in our washington, d.c. to see if we're any closer to seeing a deal to avoid the fiscal cliff. alison? >> reporter: it doesn't seem that way. president obama called congressional -- congressional leaders. but he's not met with them since before the thanksgiving break. we're now just 35 days away from the tax increases and spending cuts that kick in as part of the of the fiscal cliff. there's still no signs of a deal. the democrats are echoing the president's demand for tax increases for the wealthy. >> he's promises that will not sign any bill that benefits the 2% of the americans. >> no tax increases now for promised spending cuts that won't materialize later. >> reporter: and president obama is holding a series of events at the white house and on the road trying to win more public support this week for his approach. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:44. wall street seems to be teetering on that fiscal cliff as investors wait too react. pam cook -- wait to react.
-class tax cuts and raise taxes for wealthy americans. alison burns is live in our washington, d.c. to see if we're any closer to seeing a deal to avoid the fiscal cliff. alison? >> reporter: it doesn't seem that way. president obama called congressional -- congressional leaders. but he's not met with them since before the thanksgiving break. we're now just 35 days away from the tax increases and spending cuts that kick in as part of the of the fiscal cliff. there's still no signs of a...
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Nov 29, 2012
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making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up his cabinet, he took time out of wednesday's cabinet meeting to defend the woman who could be his next secretary of state. >> susan rice is extraordinary. couldn't be prouder of the job that she's done. >> reporter: following that vote of confidence for rice, the outgoing secretary of state., hillary clinton, also spoke out. >> susan rice has done a great job as our ambassador to the united nations. >> reporter: still, rice had to spend another day on capitol hill discussing benghazi with skeptical senate republicans. >> and realize that all of us here hold the secre
making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets...
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Nov 28, 2012
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a new york city winner would pay the highest taxes, but lucky winners in eight states may no state taxes on winnings at all. until today the biggest powerball on record was $365 million won by eight nebraska meat packers in 2006. >> we process hams and corn beef? they went from corn beef to caviar overnight and so could you. but jeremy elson, a senior researcher from microsoft says it's okay to dream, but don't quit your day job just yet. >> mathematically it's not a good bet to buy a lottery ticket, even though the jackpot is very large. >> reporter: odds of winning, 1 in 175 million. >> so if you imagine a line of 175 million pennies stretching from l.a. to chicago and just a single one of them has an "x" on it, you have the same chance of winning a lottery as taking a road trip, stopping alongside the road in a random place, flipping over a single penny and finding that one with an "x." >> reporter: still, you can't blame people for getting mesmerized by the power of the powerball frenzy. >> i would be thinking it's freaking incredible to have that much money. >> reporter: all right.
a new york city winner would pay the highest taxes, but lucky winners in eight states may no state taxes on winnings at all. until today the biggest powerball on record was $365 million won by eight nebraska meat packers in 2006. >> we process hams and corn beef? they went from corn beef to caviar overnight and so could you. but jeremy elson, a senior researcher from microsoft says it's okay to dream, but don't quit your day job just yet. >> mathematically it's not a good bet to buy...
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Nov 25, 2012
11/12
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how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet cheer when lawmakers and the president will meet mix. even if some progress is made next week. a final deal can and long way off. >> we rarely see the hill and the white house make decisions early. they 10 to do better when they have a deadline. so, i would be pleasantly surprised to see a deal emerge earlier than at the end of the year. but we will see. >> that was athena jones reporting. >>> analysis suggests if a compromise is not reached. 49,000 californians could be hit with new taxes and the state could be grown into a $11 billion deficit. >>> they could vote next week on an immigration bill that would extend visas for tech and science students. it would be easy for them to bring their families to the u.s. they would let them come one year after they apply for the green card. it is a stepping stone to a more comprehensive immigration reform. >> the technology students would be off set by eliminating other visa programs. >> they are expected to top the agenda wh
how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet cheer when lawmakers and the president will meet mix. even if some progress is made next week. a final deal can and long way off. >> we rarely see the hill and the white house make decisions early. they 10 to do better when they have a deadline. so, i would be pleasantly surprised to see a deal emerge earlier than at the end of the year. but we will see. >> that was athena jones...
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Nov 21, 2012
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congress must act by january 1st in order to avoid the automatic tax increases and spending cuts. >>> happening right now, a court hear something underway. a bankruptcy judge is expected to decide on a motion to allow hostess to liquidate. the hearing comes after hostess failed to reach a deal with its striking bakers union. more than 18,000 people are expected to lose their jobs if hostess goes out of business. >>> well, the labor department released the weekly job report a dayer -- a day early. first-time claims for unemployment bennetts fell. the number is still higher -- benefits fell. the number is still higher than expected because of hurricane sandy. 410,000 filed -- filed for benefits. >>> and when the giants will' tickets will be -- and when the giants' tickets will be going on sale. >>> and sal is coming back one more wednesday morning commute check for the before the thanksgiving holiday. -what's up? i'm chris. -and i'm erik. both: we're the fruit guys! back in 1998, we had this idea to deliver fresh fruit to offices in downtown san francisco. we built these wooden crates,
congress must act by january 1st in order to avoid the automatic tax increases and spending cuts. >>> happening right now, a court hear something underway. a bankruptcy judge is expected to decide on a motion to allow hostess to liquidate. the hearing comes after hostess failed to reach a deal with its striking bakers union. more than 18,000 people are expected to lose their jobs if hostess goes out of business. >>> well, the labor department released the weekly job report a...